Quote from: 348Judah on Today at 11:24:48 AM

Quote from: Tonimez on Today at 04:02:12 AM

Quote from: JayJuanGee on Today at 03:13:46 AM

If you are really able to limit your exposure to shitcoins to 20% or less the size of your bitcoin investment (or the amount that you put into bitcoin) without cheating, the that is likely going to save you from losing too much, yet there are not too many folks who can limit their shitcoin exposure, and I frequently recommend no more than 10% exposure to shitcoins, yet if you can be strict with yourself in regards to the 20%, then it could be reasonable, even though it is a higher percentage than what I would recommend. I personally have less than 1% of the size of my bitcoin investment in shitcoins.

Exposure to shitcoins is addictive and very difficult to avoid even though it didn't take me long to conclude and limit myself from almost every shitcoins. 20% target is not supposed to be difficult for any investor who understands bitcoin investment. Bitcoin is the only and most reliable cryptocurrency and deserves more than 90% of your investments fund. The more you invest in shitcoins, the higher risk of getting stucked in it and the less funds you introduce to your bitcoin which would delay your accumulation target.

Altcoins comprises of shitcoins and some cant be able to discern on which is better for them to use and which is not, all because they have been earlier exposed to some of these coins right from the start, so they should be at fault, because when we have a right approach in starting an investment, it will be easy for us to make better achievement in it, also to those that are willing to bring in new investors into the bitcoin network, we must properly orientate them on why they should stick to bitcoin in cryptocurrency, this will help avoid the unnecessary risk from other coins.

I believe when it comes to investing in cryptocurrency, Bitcoin is the best coin to be considered because of its unique potential and monetary growth over time .We can be very sure that when the price of bitcoin dips,its just temporary as it will eventually start rising in value overtime unlike shitcoins . If you check the numbers of shitoins getting delisted on exchanges annually is very worrisome and highly discouraging to even think of buying and holding it for a long term. I believe most people engaging in buying of shitcoins are traders with a short term plan and it's also risky considering how unreliable shitcoins can be. For instance,A trader might decide to buy a certain amount of shitcoin with an aim to sell it when there is a slight increase in the value to make profits but might get frustrated if the shitcoin he bought starts dropping in value overtime and once it's starts depreciation in value,it might never rise back to where it was and this will further worsens the situation for the trader.

However my points is,people should know the risks involved before investing in shitcoins but better still, should consider investing in Bitcoin that's is more reliable,less risky and highly profitable in the long run. Investing in Bitcoin and also Hodling it for the long term will gives an investor peace of mind and save him from unnecessary emotional troubles of loosing his funds.